CTI trims loss, ups revenue in Q2

Thermal breast imaging developer Computerized Thermal Imaging of Lake Oswego, OR, posted fiscal 2003 second-quarter revenues of $595,000, a 152% increase compared with $236,000 in revenue in the same period last year. For the quarter (end-December 31, 2002) the firm showed a net loss of $3.1 million, a decrease of 13% compared with a net loss of $4.2 million in the same quarter last year.

Year-to-date revenues of $859,000 are a 94% increase compared with the $443,000 in revenue for the comparable period in fiscal 2002. Compared with the same period in fiscal 2002, the company’s net loss increased 100%, $6.8 million vs. $3.4 million, respectively.

By AuntMinnie.com staff writers
February 20, 2003

Related Reading

FDA nixes Computerized Thermal Imaging system, January 28, 2003

Thermal breast-imaging device fails to win FDA advisors' support, December 11, 2002

FDA sets new review date for thermal breast imaging system, October 16, 2002

CTI BCS 2100 slated for FDA panel review, July 25, 2002

CTI faces shareholder lawsuits, May 15, 2002

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